Ghana Infrastructure Report

Published 27 February 2015

  • 78 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Ghana Infrastructure Report

BMI View: The m edium-term outlook for Ghana's construction sector outlook remains positive , with strong growth forecast for 2015 and 2016 . Investment across the power, transport and residential and non-residential construction sectors will lead to growth of 7.24% in 2015 and an average of 6.75% over the forecast perio d to 2024 . Growth will be supported by the Ghana Infrastructure Fund, a recent Eurobond issuance and private investment.

While we expect the construction sector to be one of the more resilient in Ghana's current macroeconomic crisis, we do see some spill-over effects as a result of cuts in government investment and weakened investor sentiment. However, the natural resource sector should continue to attract capital, creating opportunities for construction, and we see Chinese and development funding capital in the infrastructure sector remaining buoyant.

Over the longer term we maintain our positive outlook for the infrastructure sector. Investment will be supported by the Ghana Infrastructure Fund, following the passing of the bill in July 2014. It is hoped that the fund will reduce the country's infrastructure deficit, using both public funds and private investment.

Key recent developments include:

  • Nigeria's Sahara Group is to construct a 2,000MW thermal power plant in Ghana to enhance the generation capacity of the country. Sahara is reportedly in discussions with Volta River Authority to build the plant. The company has completed the construction of Nigeria's largest thermal power facility, at Lagos.

  • A new seawater desalination plant in Nungua, Accra, was opened in February 2015. Construction of the USD125mn project has been already completed. The plant will produce 66 megalitres of fresh water a day, which will be distributed to around 500,000 people in Teshie and Nungua. Japan-based Sojitz Corporation established the project in partnership with water-treatment plants developer Abengoa Water. The two firms entered a 25-year...

Table of Contents

BMI Industry View
5
SWOT
7
Infrastructure SWOT
7
Industry Forecast
9
Construction And Infrastructure Forecast Scenario
9
Table: Construction And Infrastructure Industry Data (Ghana 2012-2017)
9
Table: Construction And Infrastructure Industry Data (Ghana 2018-2023)
9
Transport Infrastructure - Outlook And Overview
17
Table: West Africa: Major Transport Projects
25
Energy And Utilities Infrastructure - Outlook And Overview
31
Table: West Africa: Major Energy & Utilities Projects
38
Residential/Non-Residential Building - Outlook And Overview
42
Table: Residential/Non-Residential Major Projects
44
Industry Risk Reward Ratings
47
Ghana - Infrastructure Risk/Reward Ratings
47
Rewards
47
Risks
47
Sub-Saharan Africa - Infrastructure Risk/Reward Ratings
49
Table: Sub-Saharan Africa Infrastructure Risk/Reward Ratings
58
Market Overview
59
Competitive Landscape
59
Table: Number Of Contractors In West Africa, By Domicile, 2011
59
Table: West Africa: Planned And Recent Eurobonds
64
Global Industry Overview
66
Middle East/North Africa Presents Strongest Investment Profile
66
Methodology
72
Industry Forecast Methodology
72
Sector-Specific Methodology
73
Risk/Reward Rating Methodology
77
Sector-Specific Methodology
78
Table: Infrastructure Risk/Reward Rating Indicators
78
Table: Weighting Of Indicators
79

The Ghana Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Ghana Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Ghanaian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Ghana to test other views - a key input for successful budgetary and planning in the Ghanaian infrastructure market.
  • Target business opportunities and risks in the Ghanaian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Ghana.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc